Friday, Jan 30, 2009
Keep on falling....
Financial Times: No end in sight to slide in UK house prices
The slide in house prices, which began as long ago as 2007, shows no signs of abating, according to two new surveys.
One traditional forerunner of house price rises – that of buyer inquiries – appears to have lost its historical connection with house purchase activity. Although inquiries have been rising strongly for months, the number of houses purchased and the level at which they have been bought, has not risen in line.
“While the fall in house prices and the parallel reduction in interest rates have probably made many households curious about what is currently available in the market, many are likely to be hesitant to commit in a recessionary environment.”
Posted by ronan carter @ 04:24 PM (304 views) Add Comment
2 Comments
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1. Letsgetreadytotumble said...
"Although inquiries have been rising strongly for months"
Where's that actual data for this?
2. a saver said...
Just heard that my brother got his house in Hampshire revalued recently -260K, after him paying 340K in 2006. The only reason he isn't in neg equity yet is that his partners parents chipped in with 100K-we will see if there's any of that left in a year's time. He's still going ahead and putting a nice big conservatory in though.